Flipping Houses

Flipping is a term, used primarily in the United States, which refers to the practice of buying an asset and quickly reselling ("flipping") it for profit.
Though flipping can apply to any asset, the term is often applied to the practice of buying real estate at below market value, making needed repairs and improvements to the property, and reselling it for a higher price (generally near market value), thus making a profit. The term is also used to apply real estate purchases where no improvements were made; a buyer simply takes advantage of market fluctuations, or knowledge that land prices will soon increase, to make a profit.